Mare Group agrees to buy 60% of ASS.EL. for EUR 2.4 million
Bitget2026/11/02 07:34- Mare Group signed a binding agreement to acquire 60% of aerospace and defense electronics supplier ASS.EL. for EUR 2.4 million.
- The deal values ASS.EL.’s equity at EUR 4 million, with an enterprise value of EUR 2.5 million.
- Payment comprises 95% cash and 5% treasury shares valued at EUR 5.60 each, subject to a 24-month lockup.
- Closing is expected by December 31, 2026, subject to government clearance.
- Options cover the remaining 40%, exercisable for six months following closing’s third anniversary, with a minimum price estimated at EUR 1.6 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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